Democratic Midterm Wins May Bring Tighter Regulation for Prediction Markets

Cointime reports: Democratic victories in the midterm elections could lead to stricter regulation of prediction market platforms including Kalshi and Polymarket, Politico reported. Regulators took a looser stance toward such markets during Trump’s term, fueling rapid expansion into politics, sports and equities. Democratic lawmakers including Oregon Senator Jeff Merkley have criticized allowing bets on sensitive events such as elections, wars and assassinations, and are calling for stronger legislative constraints.